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Huel downplays London listing as IPO markets stutter
Huel's boss said that he would be open to selling the meal replacement manufacturer, but admitted that the waning initial public offering (IPO) market in the UK has made it less appealing.
James McMaster, the chief executive of Huel…
KPMG UK Partnership shrinks by half the size of rival PwC
KPMG's UK partnership is now less than half that of PwC, after the firm has lost its top ranking for the fourth consecutive year due to regulatory fines.
The number of equity partner at the Big Four company, who own and share the profits…
Danish jewellery brand Pandora confident to buck luxury slowdown
Danish jewellery chain Pandora has become more optimistic about the Christmas period, defying the trend among luxury goods companies of slowing sales.
Pandora, which sells "accessible luxury", and is on the lower end among retailers,…
The collapse of German homebuilding threatens to cause wider economic damage
Wolfgang Schubert Raab remembers the boom years when his company could not build enough homes.
Raab Construction's managing director said that in 2021 before the company had even poured a single cubic metre of cement, they'd received…
Investors buy out startups with money raised by VCs
Investors are shaking the venture capital industry by raising money for start-ups who have been rejected by venture capitalists. They take advantage of economic downturns to purchase promising companies at a discounted price.
VCs have…
Alstom, the French train giant fighting to stay on rails
Alstom's acquisition of Canadian rival Bombardier’s train operations in 2021 was hailed as an "unique" moment that would make the French company a winner out of a new golden era dawning for the global rail industry.
The €5.5bn deal was a…
S4 Capital sales plunge as Sir Martin Sorrell’s crisis deepens
S4 Capital, owned by Sir Martin Sorrell, has seen its sales fall 15pc as the slowdown in advertising intensified.
Digital ad agency reported that revenues for the third quarter dropped to £211.5m, as clients cut back on spending.…
Inflexion sells Chambers and Partners for £400mn and more
Inflexion, a UK private equity company, has agreed to sell US investment firm Abry Partners the legal rankings provider Chambers and Partners. This is the latest deal to be made in a sector that attracts heightened investor interest.…
Nexperia sells Newport Wafer Fab for $177mn to US chip company
Vishay Intertechnology, a US-based chip company, has agreed to purchase Newport Wafer Fab from Chinese-owned Nexperia for $177mn. This agreement puts an end to years of uncertainty regarding the fate of the UK's largest chip manufacturer.…
Shares of UK chip designer Arm fall following disappointing revenue forecast
The shares of UK chip designer Arm dropped after its revenue projection for the current quarter disappointed Wall Street in its first earnings release since it went public in September.
Arm forecast revenue between $720mn and $800mn for…
After first profit for 4 years, Klarna is studying a ‘potential IPO’
Klarna has reported its first profit quarter in four years, as it prepares to list on the stock exchange.
The fintech company in Sweden made a net income of 90mn (€8mn ) during the third quarter. This compares to a loss of just 2.1bn one…
British Steel will close blast furnaces, putting 2,000 job at risk
British Steel plans to close two blast furnaces on its flagship site in Lincolnshire within the next three-years and replace them with a less carbon intensive steelmaking technology. This could put up to 2,000 job opportunities at risk.…
Shell buys back $3.5bn in shares despite falling profits
Shell announced a larger than expected $3.5billion share buyback, even though the oil and gas company's quarterly profit fell by a quarter to $6.2billion due to lower prices.
Wael Sawan is the chief executive officer of FTSE 100 Energy…
WeWork may file for bankruptcy in a matter of days
WeWork plans to file for bankruptcy next week.
The Wall Street Journal reported Tuesday that the flexible workspace company will likely file for Chapter 11 bankruptcy in the US.
Following the reports, shares of WeWork fell by more…
Chestertons, a UK estate agent, sold Emeria to Emeria
Chestertons, the UK's oldest real estate agent, was sold to an European group that provides technology and services in real estate. This is the latest consolidation in the British Property Sector.
Emeria, owned by Swiss private equity…
Rightmove is under pressure after OnTheMarket takes over Rightmove for £99m
Rightmove’s dominance in online property search has been challenged by a US-based company that bought OnTheMarket's rival for £99m.
Rightmove shares fell by over 12pc Thursday following the sale of OnTheMarket, which was sold to CoStar…
Japan Stock Exchange adopts name-and-shame regime to boost corporate values
Japan's stock market is introducing a radical, new "name and shame" regime in order to improve governance and boost valuations.
The Japan Exchange Group (JEG), which controls both the Tokyo and Osaka stock exchanges, said in March it was…
European companies halt IPO Plans on Market Conditions
Investors' concerns over market conditions are preventing European companies from listing on local stock markets.
Planisware, a French software company, halted on Wednesday its plans to list in Paris. It would have been the biggest…